“Thirty-to-one leverage is not a business, it has never been a business and it will never be a business,” said Mr. Milken in a clear reference to the now infamous debt to asset ratio at defunct Wall Street giant Lehman Brothers. His own businesses have never been leveraged by a ratio of more than four to one, Mr. Milken said.

Emphasis added by me.

And:

Mr. Milken also drew a distinction between U.S. banks which are not currently in a position to finance more consumer spending, and well-capitalized Chinese banks that have more funds available.